Market Updates

Nov. 16, 2022

Canyon Crest Real Estate Market Update - November 2022

 

With Thanksgiving nearly upon us and the holidays right around the corner, typically this time of the year is a slower time for real estate. If there is one thing we know about 2022, it is not a typical year.

There are currently 4 properties in escrow right ...

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Nov. 2, 2022

Homeownership is Historically a Great Hedge Against Inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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In an inflationary economy, prices rise across the board. Historically, homeownership is a great hedge against those rising costs because you can lock in what’s likely your largest monthly payment (your ...

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Nov. 2, 2022

The Fed and It's Influence on Real Estate - November 2022 Market Update

 

 

All year long the Federal Reserve has been in the news. Inflation had become enemy number one and they were going to do everything in their power to tamp down out-of-control inflation. Prices of goods, services, food, and energy were climbing at an unhealthy rate. Home values had ...

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Oct. 4, 2022

Orange County Real Estate Update - October 2022


The High Rate Environment and Hunkering Down

 

Back in 1989, gas prices averaged 99¢. It reached $1.59 in 2000, jumped to $3.11 in 2010, and was nearly unchanged at $3.04 a decade later in 2020. However, in 2021, the price for a gallon of gas jumped ...

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Posted in Market Updates
Sept. 22, 2022

Top Reasons Homeowners Are Selling Their Houses Right Now

 

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current homes. You may even have the same hesitation if you’re thinking about selling your house.

Data shows 51% of homeowners have ...

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Sept. 14, 2022

September 2022 Canyon Crest Market Update - Slowest Time of the Year

 

 

With the start and settling into the new school year, traditionally August, September, and October are the slowest real estate activity months in Mission Viejo. Obviously, the past 2 years have been unique with COVID and the incredibly low-interest rates. But as we find ourselves with our "new ...

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Posted in Market Updates
Aug. 9, 2022

August 2022 Canyon Crest Market Update - The New Normal

 

Boy, has the market changed in the past few months. Back in April, a property wouldn't stay on the market for more than a few days, and now we are looking at an average of 67 days on markets. The looming recession has buyers on the edge of ...

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Aug. 9, 2022

August 2022 Market Update - No Bargains

 

 

MANY BUYERS ARE LOOKING FOR A DEAL OR WAITING FOR THE HOUSING MARKET TO CRASH BEFORE THEY PURCHASE, BUT THAT IS NOT GOING TO HAPPEN ANYTIME ON THE HORIZON. 

 

 

The looming recession has buyers on the edge of their seats fully aware that the housing ...

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Aug. 8, 2022

3 Graphs to Show This Isn't a Housing Bubble

 

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008 ...

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Aug. 3, 2022

Mortgage Rates - This is What We Know To Be True


Up until about 20 years ago, rates generally remained about 7.5% and home buyers purchased homes at record rates to get their slice of the American Dream. But now that rates are in the mid-5% range, sales are slowing dramatically.

This is what we know to be true:

1 ...

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